Air Lease price target lowered to $54 from $55 at Barclays

Barclays analyst Terry Ma lowered the firm’s price target on Air Lease to $54 from $55 and keeps an Overweight rating on the shares. The company reported a “tough quarter” as revenues were lower and opex higher, the analyst tells investors in a research note. However, the firm says expectations should now be reset low enough and the stock’s valuation cheap enough for the shares to work again.